Social Security Administration News

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social-security-administration2.625 min read

"Social Security Reduces Overpayment Repayment Requirements for Beneficiaries"

The Social Security Administration has announced a significant change in its overpayment recovery policy, reducing the amount beneficiaries must pay back. Instead of automatically withholding 100% of overpaid amounts, the agency will now collect 10% or $10, whichever is greater, from recipients' monthly benefits. Exceptions will be made for cases involving fraud. This change aims to make the overpayment policies fair and equitable, addressing concerns about recipients facing financial hardship. Additionally, the agency is reviewing its procedures and policies following criticism and reports of deficiencies in internal controls regarding overpayments.

1 year ago•Source: CNN

"Social Security Commissioner's Plan to End Benefit Overpayment 'Clawback Cruelty'"

social-security-administration

3.15 min•1 year ago

"Social Security Commissioner's Plan to End Benefit Overpayment 'Clawback Cruelty'"

Social Security Commissioner Martin O'Malley has unveiled a new plan to address overpayment issues, including reducing the default withholding rate from 100% to 10% for beneficiaries who do not respond to repayment notices, shifting the burden of proof away from claimants, extending repayment plan timeframes, and making it easier for beneficiaries to request waivers. O'Malley also highlighted plans to address long wait times for service and a backlog in disability benefit applications, calling for additional funding from Congress to address the agency's customer service crisis.

via CNBC